Found many times support on the 0.618 fib Could go and test the 0.786 around $380 Little chance for a dip to around $360 to retest trend line and 50ma Would only buy more then :)
TA on NFLX After breaking out of its upward trend channel, we see strong upward movement to about $420. This is followed by a clear H&S pattern forming, which later broke the neckline right about the same time of the MACD cross. RSI looking fairly oversold at the moment. What to expect: NFLX to bounce off the upper trendline of the channel, retest the neckline....
Netflix just completed the whole ABC correction The 5th just hit the low at 249 USD, and now we will be looking for our target at: 386 USD, where the B is.
Wave 2 is done, finishing off with the 0.382 fib extension. I would buy at this support. Target: Previous resistance at 387 USD
Using 4H candles, I observe a support found. If it is crossed, I have shown where is the next support. If this is an inflection point, next resistance is indicated too. I will be updating this chart.
Ascending triangle, support buying up the dips, and the overall strength of NFLX lead us to believe there's more room for price appreciation, back up towards the ATH. The last 2 buy signals were given over a month ago, but we are still in that same range. In a case like this where you know current range is a decent time to enter, but perhaps there's no signal on...
Netflix have stated some very interesting news and forecasts for the rest of this year, based on the fundamentals and technical analysis we can only see this stock going 1 way in the future.
Looking at this monthly chart Netflix started to break above it's upper channel trend line. Typically when this happens it is a sign that there is some parabolic momentum and there is a good chance for a reversion back to the upper trend line. That measured move would be around the $288 zone. I would expect that area to be defended.
Bubble phases projected on NFLX 3W. Time to #shortthebubble?
Interesting outlier for FANGs - Price is flirting with a 4/5 Month Trendline (pink line) - Price has already broken a 3 Month Trendline (blue line) -Ceteris paribus, not much support if it drops, Volume Profile suggests price could move to 318 - if you are Longing FANGs, shorting Netflix might be a useful hedge? given the the recent price action? Food for thought...
Ending diagonal + bearish divergence
Overvaluation or what? The waves tells it all! Take profits and chill.
according to me the stock is good & strong at current level , the good support comes at 250 levels which is important and at the same time very crucial . the upside i see is atleast upto 266 -269 levels while on downside i see it is limited to ( after breaking 250 ) upto 227 LEVEL! .. personally it is my favorite stock in NASDAQ ! note : not a recommendation of...
Short Netflix as it recently went under the 9 day MA, then the 50 day MA, and now has closed below the 100 day MA. My target is $139 for take profit which is next area of support.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards :) Aaron
NASDAQ: NFLX seems to be following a channel between 140.64 - 129.02. Will the trend continue to peak and fall around the 140 mark or will it continue to fall to a lower 130? Personally the stock seems to be healthy but, it is also near its all time high. I would think it would fall for a few more weeks. Go check it out.